I have been researching the current trends in Colorado real estate and specifically in our foothill region. As inventory stays low and prices continue to rise, the question becomes: how long can we anticipate this trend to last? Certainly, that is the million-dollar question and likely requires a crystal ball to answer it completely. However, […]
Shortage of Homes Easing Slightly
September 2, 2014 by Leave a Comment
The months-long shortage of homes on the market in the Denver area eased slightly in July. The number of listings on the market increased by 6.5 percent to 8,297 from June to July. Even with the increase in available properties, though, competition in the market remains tight, partially because first-time home buyers are coming back […]
Mid-Year Luxury Market Update
August 25, 2014 by Leave a Comment
The Denver Metro Association of Realtors® reported 487 single-family homes and condos priced at $1 million or more sold across the region through July. This is the first time the association has reported on luxury home sales in the Denver area and beyond, into Clear Creek, Elbert, Gilpin and Park counties. The price paid for […]
Could THIS be the prime market to sell your home?
March 19, 2014 by Leave a Comment
Inventory is at historic low levels and buyers are feeling anxious. In an article last month, we pointed out inventory is down by about 50%. Take Evergreen as an example, at the end of February, there were 169 homes on the market while this time last year, there were 339 homes on the market. In […]